Answer: Market penetration
Explanation:
The market penetration strategy is one of the type of alternative growth strategy in which it mainly focus on gaining the high marketing share by selling the products and various types of services in the market.
The main advantage of this strategy is that the products are quickly adopted in the market and we also gain some effective incentives.
The market penetration strategy focuses on the organization growth and selling the products to the existing customers.
Therefore, Market penetration strategy is the correct answer.
Answer:
Here one sample t test would be the appropriate test of hypothesis to determine if the mean tenure of employees equals 18 months in the population.
Explanation:
Here we will use one sample t test because in this situation we are comparing a single sample mean to a determined constant and through this we are trying to find out whether there is any statistical difference between sample mean and a know population mean.
Answer:
The correct answer is the option A: the price of canned beans.
Explanation:
To begin with, the term known as <em>"ceteris paribus"</em> in the field of economics refers to the situation where in a formula or function every variable stays the same and that means that they remain constant and just one variable is altereted, which in this case is the most important and influential variable in the equation, therefore the price is the one that does change because of the huge impact and influece it has in the function of the demand in this case. The other variables, like the income of the consumers, and the cost of the production of the canned and the price of other product does influece in the equation but not as much as the price and that is why when in "ceteris paribus" those variable are constants.
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